Key escrow

Escrow means as much as escrow or deposit.

Etymology

This meaning comes from the Anglo- American jurisdictions. In Old French, the word referred to the deposit item itself ( " escroe " = scroll). These Rapalje / Lawrence Law dictionary, p 457:

  • " Escrow apparently from Norman - French: Escrit ( Britt. 98b ) Latin: Scriptum, a writing. A writing sealed and delivered to a stranger (ie a person not a party to it ), to be held by him until Certain conditions be Performed, and then to be delivered to take effect as a deed. It is said that, to make the writing of escrow, the word escrow must be used in delivering it, but Whether this is so at the present day is doubtful. "

Translation: " The word is probably Norman- Old French origin and refers to a sealed, to a third party (ie not a contracting party) passed certificate held by it and issued upon the occurrence of certain conditions and only then should have a legal effect. According to tradition, a document is only to an escrow if the word escrow is used during the transfer; if this is nowadays still presuppose seems doubtful. "

In computer science

Software escrow

From software escrow is when a provider of software does not want to give out the source code to the user, but is prepared in the event of certain events (especially the insolvency) to provide insight. This goal will be achieved, which is to publish the documents in the above cases to the user by the deposit of the source code plus documentation for an independent company or notary. Whether this legal concept is actually insolvent firm, is controversial in the legal literature.

Software escrow is only useful in cases where applied software in case of loss controls the continuous mission-critical transactions. The benefit expense is quite controversial here. In particular, the case of insolvency of the software manufacturer is not clearly described. The publication of reasons here are a central focal point of an escrow agreement. Care must be taken in each case on the application of current law.

In any case, a company that intends to secure a software escrow, schedule a thorough consultation process should. On the German market now operate some escrow agents, including foreign companies. Supply and power should be accurately compared with each other.

Key Escrow

From Key Escrow speaks mainly in connection with by the state erwünschtem insight into cryptographic encryption methods. Then corresponding keys are to be deposited with a third party and receive government agencies under certain conditions access.

Databases

In the context of databases is in escrow procedure is a method of synchronization of transactions for inserting data into the database. The data are immediately entered into the database, and not only at the end of the transaction (commit ). The escrow process makes it possible to reserve a specific set of values ​​from an object, under the premise that a certain condition is met. The system then allows simultaneous Changed ( write transactions ) as long as to how the predicate is satisfied. A great drawback of this method is that the SQL interface has to be extended, and that the application programs need to be adjusted.

Fiduciary context

In the Anglo- American jurisdictions an escrow account opened at a bank or other fiduciary in certain transactions, to which the buyer pays an agreed part of the purchase price. This amount is the buyer as a security on which he can access in case of defects of the purchased goods. After expiration of the warranty period of the (remaining ) amount shall be distributed to the seller. This method is similar to the usual in German law space settlement through a notary trust account, such as in real estate transactions.

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